U2 IP1 (2).docx - Taxation American InterContinental University Unit 2 ACCT430 Taxation Professor Derrick Esplin Crystal Rueda 1 Taxation Abstract In

U2 IP1 (2).docx - Taxation American InterContinental...

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Taxation American InterContinental University Unit 2 ACCT430 Taxation Professor Derrick Esplin Crystal Rueda 03/10/20 1
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Taxation Abstract In this paper we will explore how tax is computed and provide an example of how to calculate the tax liability using the tax rate table and the tax rate formula for a taxpayer with a taxable income of $55,000 filing jointly. Also discussed will be the topic of marginal tax rate and average tax rates for the tax payer that was mentioned prior. 2
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Taxation Here is a recap of the situation. Ms. Dunham, who is a client with no business or tax background and she has asked for my assistance in explaining to her how tax is computed. An example needs to be provided showing her the concerns about calculating the tax liability by using the tax rate table and the tax rate formula for her situation. Ms. Dunham currently has a taxable income of $55,000 and her filing status if married filing jointly.
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  • Fall '14
  • DennisMcguckian
  • Progressive Tax, Taxation in the United States

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